Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
You are not signed on; if you are a visitor please register for a free account!
|MarketTicker Forums Single Post Display (Show in context)||
User: Not logged on
|User Info||ML-Implode Gets Wells-ed; entered at 2012-06-14 11:02:20|
Registered: 2009-02-28 DFW, Tx
The banks just might be Freddy Kruger. Simon Hobbs was using the term beaten down when describing banks in Europe. Then he showed the bounce in bank stocks in Greece and other under water countries.|
I am about to blow a fuse listening to this. Are there any of these Greek bans not under water? The group has to have a negative net worth of $100 billion or more in a country that has no means to bail out. How are they worth anything?
Are we looking at a group that is above ordinary law? Unicredit is the successor of Creditanstalt (sp?). What the hell is a bank that supposedly went broke in 1931 and caused the depression to get much worse still around? We are looking at firms that mimic horror flicks. Frankenstein monsters, Dracula, Freddy Kruger, Terminator, you name it.
There are all these studies on the Great Depression. There is all this nonsense economics. You can go on and on, but there is a short answer to what caused the Great Depression and the current economic problems THE BANKS CAUSED BOTH OF THEM. THOSE THAT ARE EDUCATED, READ THIS ONE AGAIN. THE BANKS CAUSED BOTH OF THEM. They also caused the boom that preceded, which is why they keep getting blown by the politicians, thus reinflated.
I hear a lot of Wells getting a clean bill of health. I think a bank that sat out in California, making HELOC loans to anyone with a pulse and originating massive mortgage paper has to be in the dumps. Then again, I am reading stories they have reinflated the California market, so maybe **** turned to gold again.
I believe Americans would be better off losing much of their money in these institutions through liquidation than to continue to allow them to steal it in various bailouts and inflations. There shouldn't be anything left of these institutions other than nameplates in antique stores 30 years from now. You could buy one and put it on your **** house at the farm.